Mary Fox - Apr 15, 2024 Form 4 Insider Report for Lovesac Co (LOVE)

Role
President and COO
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox
Stock symbol
LOVE
Transactions as of
Apr 15, 2024
Transactions value $
-$69,635
Form type
4
Date filed
4/16/2024, 04:30 PM
Previous filing
Nov 20, 2023
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +4.85K +32.23% $0.00 19.9K Apr 15, 2024 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$45K -2.39K -12.02% $18.80 17.5K Apr 15, 2024 Direct F2
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +2.77K +15.84% $0.00 20.3K Apr 15, 2024 Direct F3
transaction LOVE Common Stock, $0.00001 par value Tax liability -$24.7K -1.31K -6.48% $18.80 19K Apr 15, 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LOVE Restricted Stock Units Award $0 +33.5K $0.00 33.5K Apr 15, 2024 Common Stock 33.5K Direct F5, F6
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +33.5K $0.00 33.5K Apr 15, 2024 Common Stock 33.5K Direct F5, F6
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +69.3K $0.00 69.3K Apr 15, 2024 Common Stock 69.3K Direct F5, F7
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +44.1K $0.00 44.1K Apr 15, 2024 Common Stock 44.1K Direct F5, F7
transaction LOVE Restricted Stock Units Options Exercise $0 -4.85K -10.11% $0.00 43.1K Apr 15, 2024 Common Stock 4.85K Direct F1, F5
transaction LOVE Restricted Stock Units Options Exercise $0 -2.77K -50% $0.00 2.77K Apr 15, 2024 Common Stock 2.77K Direct F3, F5
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -72.2K -100% $0.00* 0 Apr 15, 2024 Common Stock 72.2K Direct F5, F8
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -35.8K -100% $0.00* 0 Apr 15, 2024 Common Stock 35.8K Direct F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2023.
F2 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2023. No shares were sold.
F3 The reported shares were acquired upon the vesting of the second tranche of time-based RSUs granted on April 15, 2022.
F4 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the second tranche of time-based RSUs granted on April 15, 2022. No shares were sold.
F5 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's common stock.
F6 On April 15, 2024, the Reporting Person received a grant of 67,056 RSUs, of which (a) 50% vest in three equal installments on the first, second and third anniversaries of the grant date, and (b) 50% vest in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period.
F7 On April 15, 2024, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period.
F8 Reflects performance-based RSUs granted on April 15, 2023 which were forfeited and cancelled in return for consideration.
F9 Reflects performance-based RSUs granted on April 15, 2022 which were forfeited and cancelled in return for consideration.